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Ultrasound Market by Diagnostic Ultrasound (2D, 3D, 4D, Doppler), Therapeutic Ultrasound (HIFU, ESWL), Products (Cart/Trolley-based, Compact, PoC), Applications (OB/GYN, Cardiac Ultrasound, Vascular Ultrasound, Surgical Ultrasound) - Global Forecasts to 2020

March 2016 | 194 pages | ID: U0074412D3AEN
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The global ultrasound market is expected to reach USD 6.86 Billion by 2020 from USD 5.25 Billion in 2015, at a CAGR of 5.5% from 2015 to 2020. Market growth can be attributed to ongoing technological advancements, increasing public-private investments (including government funding and grants), and growing market demand for minimally invasive diagnostic and therapeutic techniques (including ultrasound).

In this report, the global ultrasound market is segmented on the basis of technology [diagnostics (2D, 3D & 4D, and Doppler) and therapeutics ultrasound (high-intensity focused ultrasound and extracorporeal shockwave lithotripsy)], device display (color and black & white ultrasound devices), device portability (trolley/cart-based and compact/handheld ultrasound devices), and applications [radiology/general imaging, cardiology, obstetrics/gynecology, vascular, urology, and others (includes breast imaging, hepatology, and emergency care, among others].

The radiology/general imaging application segment is expected to dominate the ultrasound market in 2015; however, cardiology is poised to be the fastest-growing application segment, for the forecast period of 2015 to 2020. Factors such as rising incidences of cardiac diseases (coupled with growing lifestyle-related and age-linked disorders such as high blood pressure, diabetes mellitus, and lipid disorders), increasing market availability of cardiac ultrasound devices in major markets, and recent technological advancements in the cardiac ultrasound procedure (such as device miniaturization, portability, and device automation) are contributing to the high growth rate of this segment.

Geographically, Europe is expected to account for the largest share of the global ultrasound market in 2015, followed by North America (comprising the U.S. and Canada). Factors such as increase in the number of products being commercialized, expansion in clinical applications of HIFU, increasing market penetration of therapeutic ultrasound, and growing emphasis on minimally invasive procedures (including diagnostic and therapeutic ultrasound) are driving the ultrasound market in the European region. However, Asia-Pacific (comprising China, India, Japan, and the Rest of Asia-Pacific) is poised to be the fastest-growing region in the ultrasound market during the forecast period, owing to significant expansion and modernization of healthcare infrastructure, increasing number of age-related illnesses, growing public awareness about therapeutic benefits offered by ultrasound, and increasing focus of international device manufacturers on strengthening their distribution networks in APAC.

The global ultrasound market is highly competitive, with various global as well as local players. In 2015, the global ultrasound devices market was dominated by General Electric Company (U.S.), Koninklijke Philips N.V. (Netherlands), Toshiba Corporation (Japan), Siemens AG (Germany), and Hitachi Ltd. (Japan). These top five market players jointly accounted for ~83.0% of the global ultrasound market in 2015. New product launches; agreements, collaborations, and partnerships; geographic expansions; mergers, demergers, and strategic acquisitions; awareness campaigns; and research funds & grants are the major strategies adopted by market players to achieve growth in the global ultrasound market.

Reasons to Buy the Report:

From an insight perspective, this research report has focused on various levels of analysis, such as market share analysis of the top ten players and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the ultrasound market; and high-growth regions and their respective drivers, restraints, challenges, and opportunities.

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn helps firms garner higher market shares. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

The report provides insights on the following pointers:
  • Market Penetration: Comprehensive information on the ultrasound products offered by the top 10 players in the global market. The report analyzes the ultrasound products market by technology, device display, device portability, and clinical applications across key geographic regions
  • Product Development/Innovation: Detailed insights on upcoming ultrasound products, research and development activities, and new product launches in the market
  • Market Development: Comprehensive information on lucrative emerging markets. The report analyzes the markets for various ultrasound products across key geographic regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global ultrasound products market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of leading players in the global ultrasound products market
1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
  1.3.1 MARKETS COVERED
  1.3.2 GEOGRAPHIES COVERED
1.4 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 LIMITATIONS
1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
  2.1.1 SECONDARY DATA
    2.1.1.1 Key Data from Secondary Sources
  2.1.2 PRIMARY DATA
    2.1.2.1 Key Data from Primary Sources
    2.1.2.2 Breakdown of Primaries
2.2 FACTOR ANALYSIS
  2.2.1 INTRODUCTION
  2.2.2 DEMAND-SIDE ANALYSIS
    2.2.2.1 Rapid Growth of Aging Population
    2.2.2.2 Incidence and Prevalence of Cancer
    2.2.2.3 Burden of Cardiovascular Diseases (CVDs)
    2.2.2.4 Birth Rate/Number of Pregnancies
    2.2.2.5 Healthcare Expenditure Patterns
  2.2.3 SUPPLY-SIDE ANALYSIS
    2.2.3.1 Number of New Product Launches: Ultrasound Vs. Competitive Technologies
    2.2.3.2 Parent Market Analysis: Diagnostic Imaging Systems Market
2.3 MARKET SIZE ESTIMATION
  2.3.1 BOTTOM-UP APPROACH
  2.3.2 TOP-DOWN APPROACH
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
2.5 RESEARCH ASSUMPTIONS
  2.5.1 ASSUMPTIONS

3 EXECUTIVE SUMMARY

3.1 INTRODUCTION
3.2 HISTORY, EVOLUTION, AND CURRENT SCENARIO
3.3 FUTURE OUTLOOK
3.4 CONCLUSION

4 PREMIUM INSIGHTS

4.1 GLOBAL ULTRASOUND MARKET (2015–2020)
4.2 GLOBAL ULTRASOUND MARKET SIZE, BY TECHNOLOGY (2015)
4.3 GLOBAL ULTRASOUND MARKET SIZE, BY DEVICE DISPLAY (2015–2020)
4.4 GLOBAL ULTRASOUND MARKET SIZE, BY DEVICE PORTABILITY (2015–2020)
4.5 GLOBAL ULTRASOUND MARKET VOLUME, BY REGION (2015–2020)
4.6 GLOBAL ULTRASOUND MARKET SIZE, BY APPLICATION (2015–2020)
4.7 ULTRASOUND MARKET SHARE, BY REGION/COUNTRY (2015–2020)

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 TECHNOLOGICAL INNOVATIONS IN ULTRASOUND (TILL DECEMBER, 2015)
5.3 MARKET SEGMENTATION
5.4 MARKET DYNAMICS
  5.4.1 MARKET DRIVERS
    5.4.1.1 Technological advancements in ultrasound
    5.4.1.2 Growth in the global geriatric population
    5.4.1.3 Rising incidence of chronic and lifestyle-related diseases
    5.4.1.4 Increasing public-private investments, funds, and grants
    5.4.1.5 Growing market demand for minimally invasive treatments
  5.4.2 MARKET RESTRAINTS
    5.4.2.1 Dearth of skilled sonographers
    5.4.2.2 Unfavorable healthcare reforms in the U.S.
  5.4.3 MARKET OPPORTUNITIES
    5.4.3.1 Technological shift from conventional to PoC ultrasound diagnosis
    5.4.3.2 Growing penetration of ultrasound device manufacturers in emerging nations
    5.4.3.3 Increasing number of hospitals and diagnostics centers
  5.4.4 MARKET CHALLENGES
    5.4.4.1 Non-uniformity in regulatory frameworks
    5.4.4.2 Escalating pricing pressures on ultrasound market players

6 INDUSTRY TRENDS

6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
6.3 SUPPLY CHAIN ANALYSIS
  6.3.1 KEY STAKEHOLDERS
  6.3.2 KEY INFLUENCERS
6.4 INDUSTRY TRENDS
  6.4.1 TECHNOLOGICAL ADVANCEMENTS IN ULTRASOUND SYSTEMS
  6.4.2 DEVELOPMENT OF APPLICATION-SPECIFIC ULTRASOUND DEVICES
  6.4.3 EMERGENCE OF POINT-OF-CARE (POC) ULTRASOUND
6.5 PORTER’S FIVE FORCES ANALYSIS
  6.5.1 THREAT OF NEW ENTRANTS
  6.5.2 THREAT FROM SUBSTITUTES
  6.5.3 BARGAINING POWER OF SUPPLIERS
  6.5.4 BARGAINING POWER OF BUYERS
  6.5.5 INTENSITY OF COMPETITIVE RIVALRY

7 ULTRASOUND MARKET, BY TECHNOLOGY

7.1 INTRODUCTION
7.2 DIAGNOSTIC ULTRASOUND
  7.2.1 2D ULTRASOUND
  7.2.2 3D & 4D ULTRASOUND
  7.2.3 DOPPLER IMAGING
7.3 THERAPEUTIC ULTRASOUND
  7.3.1 HIGH-INTENSITY FOCUSED ULTRASOUND (HIFU)
  7.3.2 EXTRACORPOREAL SHOCKWAVE LITHOTRIPSY (ESWL)

8 GLOBAL ULTRASOUND MARKET, BY DEVICE DISPLAY

8.1 INTRODUCTION
  8.1.1 COLOR ULTRASOUND DEVICES
  8.1.2 BLACK & WHITE (B/W) ULTRASOUND DEVICES

9 GLOBAL ULTRASOUND MARKET, BY DEVICE PORTABILITY

9.1 INTRODUCTION
  9.1.1 TROLLEY/CART-BASED ULTRASOUND DEVICES
  9.1.2 COMPACT/HANDHELD ULTRASOUND DEVICES
    9.1.2.1 Point-of-care ultrasound (PoC ultrasound)

10 GLOBAL ULTRASOUND MARKET, BY APPLICATION

10.1 INTRODUCTION
10.2 RADIOLOGY/GENERAL IMAGING APPLICATIONS
10.3 OBSTETRICS/GYNECOLOGICAL APPLICATIONS
10.4 CARDIOLOGICAL APPLICATIONS
10.5 UROLOGICAL APPLICATIONS
10.6 VASCULAR APPLICATIONS
10.7 OTHER APPLICATIONS

11 ULTRASOUND MARKET, BY REGION

11.1 INTRODUCTION
  11.1.1 EUROPE
    11.1.1.1 Germany
    11.1.1.2 France
    11.1.1.3 U.K.
    11.1.1.4 Rest of Europe
  11.1.2 NORTH AMERICA
    11.1.2.1 U.S.
    11.1.2.2 Canada
  11.1.3 ASIA-PACIFIC
    11.1.3.1 China
    11.1.3.2 Japan
    11.1.3.3 India
    11.1.3.4 Rest of Asia-Pacific
  11.1.4 REST OF THE WORLD (ROW)
    11.1.4.1 Latin America
    11.1.4.2 Middle East
    11.1.4.3 Africa

12 COMPETITIVE LANDSCAPE

12.1 OVERVIEW
12.2 MARKET SHARE ANALYSIS
12.3 COMPETITIVE SITUATION AND TRENDS
  12.3.1 PRODUCT LAUNCHES, APPROVALS, AND ENHANCEMENTS
  12.3.2 AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS
  12.3.3 MERGERS AND ACQUISITIONS
  12.3.4 GEOGRAPHICAL EXPANSIONS
  12.3.5 OTHER DEVELOPMENTS

13 COMPANY PROFILES

13.1 INTRODUCTION
  13.1.1 GEOGRAPHIC BENCHMARKING
  13.1.2 STRATEGIC BENCHMARKING
    13.1.2.1 Entry into point-of-care ultrasound market
13.2 ANALOGIC CORPORATION
13.3 ESAOTE S.P.A.
13.4 FUJIFILM HOLDINGS CORPORATION
13.5 GENERAL ELECTRIC COMPANY
13.6 HITACHI LTD.
13.7 KONINKLIJKE PHILIPS N.V.
13.8 MINDRAY MEDICAL INTERNATIONAL LTD.
13.9 SAMSUNG ELECTRONICS CO. LTD.
13.10 SIEMENS AG
13.11 TOSHIBA CORPORATION

*Details On Financials, Products & Services, Key Strategy, & Recent Developments Might Not Be Captured In Case Of Unlisted Companies.

14 APPENDIX

14.1 INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS

LIST OF TABLES

TABLE 1 GLOBAL ULTRASOUND MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION)
TABLE 2 GLOBAL DIAGNOSTIC ULTRASOUND TECHNOLOGY MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 3 DIAGNOSTIC ULTRASOUND TECHNOLOGY MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 4 2D ULTRASOUND TECHNOLOGY MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 5 3D AND 4D ULTRASOUND TECHNOLOGY MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 6 DOPPLER ULTRASOUND TECHNOLOGY MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 7 GLOBAL THERAPEUTIC ULTRASOUND TECHNOLOGY MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
TABLE 8 THERAPEUTIC ULTRASOUND TECHNOLOGY MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 9 HIFU ULTRASOUND TECHNOLOGY MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 10 ESWL ULTRASOUND TECHNOLOGY MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 11 ULTRASOUND DEVICES MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (USD MILLION)
TABLE 12 ULTRASOUND DEVICES MARKET VOLUME, BY TYPE OF DISPLAY, 2013-2020 (UNITS)
TABLE 13 COLOR ULTRASOUND DEVICES MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 14 COLOR ULTRASOUND DEVICES MARKET VOLUME, BY REGION, 2013-2020 (UNITS)
TABLE 15 BLACK AND WHITE ULTRASOUND DEVICES MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 16 BLACK & WHITE ULTRASOUND DEVICES MARKET VOLUME, BY REGION, 2013-2020 (UNITS)
TABLE 17 ULTRASOUND DEVICES MARKET SIZE, BY PORTABILITY, 2013-2020 (USD MILLION)
TABLE 18 ULTRASOUND DEVICES MARKET, BY PORTABILITY 2013-2020 (UNITS)
TABLE 19 TROLLEY/CART-BASED ULTRASOUND DEVICES MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 20 TROLLEY/CART-BASED ULTRASOUND DEVICES MARKET, BY REGION, 2013-2020 (UNITS)
TABLE 21 COMPACT/HANDHELD ULTRASOUND DEVICES MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 22 COMPACT/HANDHELD ULTRASOUND DEVICES MARKET, BY REGION, 2013-2020 (UNITS)
TABLE 23 POC ULTRASOUND DEVICES MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 24 GLOBAL ULTRASOUND MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION)
TABLE 25 ULTRASOUND MARKET SIZE FOR RADIOLOGY/GENERAL IMAGING APPLICATIONS, BY REGION, 2013–2020 (USD MILLION)
TABLE 26 ULTRASOUND MARKET SIZE FOR OBSTETRICS/GYNECOLOGICAL APPLICATIONS, BY REGION, 2013–2020 (USD MILLION)
TABLE 27 ULTRASOUND MARKET SIZE FOR CARDIOLOGICAL APPLICATIONS, BY REGION, 2013–2020 (USD MILLION)
TABLE 28 ULTRASOUND MARKET SIZE FOR UROLOGICAL APPLICATIONS, BY REGION, 2013–2020 (USD MILLION)
TABLE 29 ULTRASOUND MARKET SIZE FOR VASCULAR APPLICATIONS, BY REGION, 2013–2020 (USD MILLION)
TABLE 30 ULTRASOUND MARKET SIZE FOR OTHER APPLICATIONS, BY REGION, 2013–2020 (USD MILLION)
TABLE 31 ULTRASOUND MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
TABLE 32 EUROPE: ULTRASOUND MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
TABLE 33 EUROPE: DIAGNOSTIC ULTRASOUND MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION)
TABLE 34 EUROPE: THERAPEUTIC ULTRASOUND MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION)
TABLE 35 EUROPE: ULTRASOUND MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (USD MILLION)
TABLE 36 EUROPE: ULTRASOUND MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (UNITS)
TABLE 37 EUROPE: ULTRASOUND MARKET SIZE, BY PORTABILITY, 2013-2020 (USD MILLION)
TABLE 38 EUROPE: ULTRASOUND MARKET SIZE, BY PORTABILITY, 2013-2020 (UNITS)
TABLE 39 EUROPE: ULTRASOUND MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
TABLE 40 GERMANY: ULTRASOUND MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (USD MILLION)
TABLE 41 FRANCE: ULTRASOUND MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (USD MILLION)
TABLE 42 U.K.: ULTRASOUND MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (USD MILLION)
TABLE 43 ROE: ULTRASOUND MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (USD MILLION)
TABLE 44 NORTH AMERICA: ULTRASOUND MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
TABLE 45 NORTH AMERICA: DIAGNOSTIC ULTRASOUND MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION)
TABLE 46 NORTH AMERICA: THERAPEUTIC ULTRASOUND MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION)
TABLE 47 NORTH AMERICA: ULTRASOUND MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (USD MILLION)
TABLE 48 NORTH AMERICA: ULTRASOUND MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (UNITS)
TABLE 49 NORTH AMERICA: ULTRASOUND MARKET SIZE, BY PORTABILITY, 2013-2020 (USD MILLION)
TABLE 50 NORTH AMERICA: ULTRASOUND MARKET SIZE, BY PORTABILITY, 2013-2020 (UNITS)
TABLE 51 NORTH AMERICA: ULTRASOUND MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
TABLE 52 U.S.: ULTRASOUND MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (USD MILLION)
TABLE 53 CANADA: ULTRASOUND MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (USD MILLION)
TABLE 54 APAC: ULTRASOUND MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
TABLE 55 APAC: DIAGNOSTIC ULTRASOUND MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION)
TABLE 56 APAC: THERAPEUTIC ULTRASOUND MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION)
TABLE 57 APAC: ULTRASOUND MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (USD MILLION)
TABLE 58 APAC: ULTRASOUND MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (UNITS)
TABLE 59 APAC: ULTRASOUND MARKET SIZE, BY PORTABILITY, 2013-2020 (USD MILLION)
TABLE 60 APAC: ULTRASOUND MARKET SIZE, BY PORTABILITY, 2013-2020 (UNITS)
TABLE 61 APAC: ULTRASOUND MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
TABLE 62 CHINA: ULTRASOUND MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (USD MILLION)
TABLE 63 JAPAN: ULTRASOUND MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (USD MILLION)
TABLE 64 INDIA: ULTRASOUND MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (USD MILLION)
TABLE 65 ROAPAC: ULTRASOUND MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (USD MILLION)
TABLE 66 ROW: DIAGNOSTIC ULTRASOUND MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION)
TABLE 67 ROW: THERAPEUTIC ULTRASOUND MARKET SIZE, BY TECHNOLOGY, 2013-2020 (USD MILLION)
TABLE 68 ROW: ULTRASOUND MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (USD MILLION)
TABLE 69 ROW: ULTRASOUND MARKET SIZE, BY TYPE OF DISPLAY, 2013-2020 (UNITS)
TABLE 70 ROW: ULTRASOUND MARKET SIZE, BY PORTABILITY, 2013-2020 (USD MILLION)
TABLE 71 ROW: ULTRASOUND MARKET SIZE, BY PORTABILITY, 2013-2020 (UNITS)
TABLE 72 ROW: ULTRASOUND MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION)
TABLE 73 TOP 5 PRODUCT LAUNCHES, APPROVALS, AND ENHANCEMENTS, 2012–2016
TABLE 74 TOP 5 AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS, 2012–2016
TABLE 75 TOP 5 MERGERS AND ACQUISITIONS, 2012–2015
TABLE 76 TOP 5 GEOGRAPHICAL EXPANSIONS, 2012–2015
TABLE 77 TOP OTHER DEVELOPMENTS, 2012–2015

The report “Ultrasound Market by Diagnostic Ultrasound, Therapeutic Ultrasound (HIFU, ESWL), Products (Cart/Trolley-Based, Compact), Applications - Global Forecast to 2019”. This report studies the global ultrasound market over the forecast period of 2014 to 2019. The market is expected to reach $6.2 billion by 2019at CAGR of 5.1% from 2014 to 2019.

Factors such as development of technologically advanced ultrasound devices; rapid growth in ageing population with high risk of target diseases; rising incidences of cardiovascular diseases and cancer cases; growing demand for minimally invasive treatment procedures; and increasing public-private funds and grants are driving the growth of the global ultrasound market. However, factors such as technological limitations of ultrasound, dearth of skilled and experienced sonographers, and unfavourable healthcare reforms in the U.S. have been hampering the growth of this market.

The major players in the global Ultrasound Market are

  • FUJIFILM Holdings Corporation (Japan)
  • Hitachi Ltd. (Japan)
  • Koninklijke Philips N.V. (The Netherlands)
  • Mindray Medical International Limited (China)
  • Samsung Electronics Co. Ltd. (South Korea)
  • Toshiba Corporation (Japan)

In 2014, Europe accounted for the largest share of the market, followed by North America. However, the Asia-Pacific market is expected to grow at the highest CAGR of 5.5% from 2014 to 2019. This high growth can be attributed to rapidly increasing aging population, growing focus of multinational companies on emerging markets, improving and modernizing healthcare infrastructure, government initiatives to have advanced imaging systems at public healthcare facilities, and high incidences of cancer cases in this region.

On the basis of technology, the ultrasound market is classified into two major segments, namely, diagnostic ultrasound and therapeutic ultrasound. The diagnostic ultrasound segment is further divided into 2D ultrasound, 3D & 4D ultrasound, and Doppler imaging. The therapeutic ultrasound segment is further categorized into high-intensity focused ultrasound (HIFU) and extra corporeal shock-wave lithotripsy (ESWL).

On the basis of products, the ultrasound market is categorized on the basis of its type of display and portability. Based on the type of display, the ultrasound market is further classified into two major segments, namely, colour ultrasound and black & white (b/w) ultrasound. Based on portability, the ultrasound market is further divided into two major segments, namely, trolley/cart-based ultrasound devices and compact/handheld ultrasound devices.

On the basis of type of application, the ultrasound market is divided into seven major segments, namely, radiology/general imaging; urology; obstetrics/gynecology; vascular; cardiology; and others (hepatology, surgery, and breast ultrasound).



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